Jakarta, Pintu News – Solana has seen a gain of over 12% today following Trump’s announcement of a 90-day tariff delay. Despite the significant recovery, technical indicators are still showing bearish warnings. Key indicators such as the Relative Strength Index (RSI), BBTrend, and EMA lines all point to weakening momentum and lack of buyer conviction. Although oversold conditions are starting to stabilize, the broader structure still tends to favor sellers.
Solana’s Relative Strength Index (RSI) Shows Buyers’ Doubts
Solana’s Relative Strength Index (RSI) is currently at 45.52, in neutral territory but has remained below the 50-midline for almost two days. This comes after the RSI briefly dipped to oversold levels of 21.53 two days ago, indicating that sellers briefly dominated before demand began to stabilize. The slow rise of the RSI back to neutral suggests that although the extreme selling pressure has eased, the bullish momentum has yet to fully take over.
Current conditions suggest that buyers are still hesitant to enter fully. Despite the price recovery, there is no strong impetus to suggest that buyers are ready to push prices significantly higher. This could be an indication that Solana (SOL) may find it difficult to sustain this price increase in the long term.
Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?
Solana’s BBTrend Shows Bearish Momentum
Solana’s BBTrend indicator is currently at -14.19, having turned negative since yesterday, and this is the lowest level since March 13-almost a month ago. This change into deeper negative territory suggests that bearish momentum is rebuilding after a period of relative stability.
This could be an early signal that selling pressure may increase again. Market watchers should be wary of this indicator as it could provide early clues about the direction of Solana (SOL)’s price trend going forward. If BBTrend continues to show a decline, this could be further confirmation that bears are still dominating the market.
Potential Solana Price Drop below $100 Again in April?
The Solana EMA setup continues to reflect a strong bearish structure, with the short-term moving average remaining well below the long-term average. This alignment confirms that the downward momentum is still under control, keeping sellers in a dominant position. However, if Solana price manages to maintain its current strength and buying interest, it could possibly attempt resistance at $120.
If it manages to cross this level, it may open a path towards the next target of $134. On the other hand, if the current bearish trend continues, Solana could return to support near $95, a level that has previously acted as a short-term floor. Missing this level would be technically significant, potentially pushing SOL below $90 – territory not seen since January 2024.
Conclusion: The Future of Solana Pricing
Despite today’s significant price increase, Solana (SOL) is still facing strong selling pressure. Technical indicators show that there is still uncertainty in the market. Investors and traders should pay attention to these indicators to get a better understanding of Solana’s potential future price movements. Today’s gains may be temporary unless there is a significant change in market sentiment.
Read More: Solana Price Moves Up: Potential Strengthening or Correction in April 2025?
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.